Suez UK pledges ‘support for CMA process’

In the wake of a provisional view from the Competition and Markets Authority ruling out a merger of Suez and Veolia in the UK, Suez has said it will continue “to support the next stage of the process”.

John Scanlon, Suez UK CEO, pledged a continued focus on the business

But, the company – which is technically owned by Veolia – but has to operate independently in the UK gave no official clue as to whether it was pleased or not with the CMA’s stance.

John Scanlon, Suez UK CEO, pledged a continued focus on the business

John Scanlon, chief executive officer for SUEZ recycling and recovery UK, said: “Today the Competition and Markets Authority (CMA) published its Provisional Findings. It is their provisional view that the proposed merger of Veolia and SUEZ in the UK may be expected to result in a substantial lessoning of competition and so the CMA will now consider possible remedies.”

Mr Scanlon continued: “A final decision will be made by the CMA by 17 July and we will continue to support the next stage of this process as we have supported the process to date. In the meantime, we will continue to focus on our employees, on providing high quality, essential services for our customers around the UK, as well as our commitment to sustainability and a People and Planet approach.”

Remedy

The CMA has recommended that a remedy for substantial lessening of competition could be the sale of either Suez or Veolia’s operations in the UK. A statement from Veolia is expected soon.

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